Bloomberg News

Bundesbank Sees No European Bank Safe From Crisis, Focus Says

July 01, 2012

Bundesbank Vice President Sabine Lautenschlaeger said “no European bank is safe from considerable losses” if the region’s sovereign-debt crisis worsens, Focus magazine reported, citing an interview.

German banks are better prepared than three years ago, though they are still susceptible to the crisis, the publication cited Lautenschlaeger as saying.

There are currently no signs that investors are moving capital out of Germany because the country continues to be seen as a “safe haven,” Lautenschlaeger was cited as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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